metalloinvest ("the Company") announced the confirmation by the international rating Agency Fitch Ratings ("Fitch") corporate the Company's rating at "BB+" with a stable Outlook.
According to the published report of the Agency, the rating reflects metalloinvest's strong operational profile of the Company with a competitive position at cost (the Company is included in the 1st quartile cost curve for pellet and for long products in the world), a comfortable level of net debt, the significant reserve of liquidity sources and financial flexibility, as well as a transparent financial policy. The rating Agency also noted that the oemc is the most efficient steel plant in Russia from the point of view of carbon dioxide emissions per tonne of steel.
at the same time, Fitch affirmed at “BB+” ratings of Eurobonds issued by Metalloinvest Finance D. A. C.
